Posted by HamzahB > 2017-07-13 09:44 | Report Abuse

What does the shareholders get with the spinoff?

Payment from the funds raised from the it or shares in the new company?

Posted by paperplane2016 > 2017-07-13 09:44 | Report Abuse

notmuch info yet

Posted by CaiShenYe > 2017-07-13 10:13 | Report Abuse

thanks to this week, average price now hit 0.87

Posted by CaiShenYe > 2017-07-13 11:04 | Report Abuse

Prestar: Mulls ACE Market listing for steel product unit Tashin Steel. Prestar Resources announced that it is considering the listing of its 51%-owned subsidiary Tashin Steel SB, which owns a steel products manufacturing plant in Penang, on the ACE Market of Bursa Malaysia. Once Tashin Steel has finalised its corporate structure, Rawang-based Prestar said it will announce further listing details in due course. (The Edge)

Posted by paperplane2016 > 2017-07-13 11:14 | Report Abuse

it might signal bullish business in steel, that's why listing

Posted by Winklse188 > 2017-07-13 13:02 | Report Abuse

Prestar holder will be rewarded with the ace, hold tight tight dun let go

Posted by Henry Chan > 2017-07-13 15:25 | Report Abuse

Paperplane how's your Ekovest? WB 0.74

Posted by paperplane2016 > 2017-07-13 15:30 | Report Abuse

still holding. I follow felicity advise.

EKOVEST
AIRASIA
WCEBHD

Posted by Henry Chan > 2017-07-13 15:30 | Report Abuse

Paperplane, what do you think now, 1.11 lol

Posted by paperplane2016 > 2017-07-13 15:32 | Report Abuse

wait. no rush to buy. wait RM1 probably or lower only add

Posted by henghuat888 > 2017-07-13 20:03 | Report Abuse

Aiyo..prestar no movement

Posted by leont > 2017-07-13 21:17 | Report Abuse

Movement will only come in when the company gives a clearer view of their expected outcome from this spin off...

Posted by fireinvestor > 2017-07-14 09:10 | Report Abuse

Many stock already recover from Tuesday's fall.. When Prestar moving???

Posted by Henry Chan > 2017-07-14 09:41 | Report Abuse

Tuesday it up

Posted by fattycat > 2017-07-14 10:37 | Report Abuse

hehe..whatever will be will be

Posted by henghuat888 > 2017-07-14 11:38 | Report Abuse

Aiyo..sienz liao. Lousy stock counter

Posted by Upup168 > 2017-07-15 14:41 | Report Abuse

on the way... lets see....

Posted by James James > 2017-07-17 08:00 | Report Abuse

from 'henghuat888' 's comment,he is just like many punters who have no money to hold a counter for longer time,and when shares drop,cut loss...this is one of the factors that pull down share prices...even shares with good fundamental

Posted by paperplane2016 > 2017-07-17 08:53 | Report Abuse

if you want good return in long run, you must have patient. don't invest and expect next day it up 100%. Mentality wrong, you wont get return

Posted by CaiShenYe > 2017-07-17 09:53 | Report Abuse

hhmm 1.37 to 1.21, drop more than 10%

Posted by fireinvestor > 2017-07-17 09:54 | Report Abuse

drop from 1.37 since a month back.. doesn't look good.

Posted by coco29317 > 2017-07-17 09:55 | Report Abuse

1.20 now

Posted by henghuat888 > 2017-07-17 10:42 | Report Abuse

Hmm..what the suggestion? Sifu

Posted by KLCI King > 2017-07-17 10:55 | Report Abuse

Run..... so it will drop more, the more the better, if not how to buy?

Posted by fireinvestor > 2017-07-17 11:03 | Report Abuse

Director buy shares 2 weeks back.. what now?

Posted by henghuat888 > 2017-07-17 11:37 | Report Abuse

Hahaha..u are right. Then I continue accumulating

Posted by paperplane2016 > 2017-07-17 14:23 | Report Abuse

they know going to spin off soon, that's why

Posted by BULL10BEAR10 > 2017-07-17 15:08 | Report Abuse

can buy in at the lowest price.

Posted by iwanttosuccess > 2017-07-17 15:28 | Report Abuse

how low it will drop? will the drop continue?
i queue 1.18 now

Posted by Teo Jiunntian > 2017-07-17 15:47 | Report Abuse

Spin off creates uncertainty for both the parent and the new spin off companies. Need to hold long term to see it's benefit. Most likely investors are not willing to wait.

Posted by ooihk899 > 2017-07-17 16:15 | Report Abuse

Today force sell ma sure down lo.

Posted by VenFx > 2017-07-17 17:34 | Report Abuse

Posted by paperplane2016'
if you want good return in long run, you must have patient. don't invest and expect next day it up100%. Mentality wrong, you wont get return

ME: VERY TRUE INDEED .
FOR THIS COUNTER IS A 'BUYYYYYY ON WEAKNESS' :)

Posted by leont > 2017-07-17 19:48 | Report Abuse

If spinoff successful.. mostly likely a huge sum of cash will come in to Prestar... which can subsequently reduce borrowings and use as working capital or even giveout dividend....

Posted by bgt9963 > 2017-07-17 22:07 | Report Abuse

Dumb dumb hold....!

Posted by paperplane2016 > 2017-07-18 10:24 | Report Abuse

borrowing still not that high compared other players in steel. but it has stated it will sell Vietnam and reduce borrowing mah. to me a good sign to buy more loh.
Next quarter Aug, lets see

Posted by nicky11 > 2017-07-18 23:28 | Report Abuse

Is time for Prestar to move back to the right price..

Posted by paperplane2016 > 2017-07-19 09:12 | Report Abuse

yeah. bounce back and up to 1.80 soon

Posted by leont > 2017-07-19 09:49 | Report Abuse

Hopefully the uptrend will continue... been down for quite a number of days already...

Posted by fireinvestor > 2017-07-19 09:52 | Report Abuse

Waiting for takeoff

Posted by Alex Foo > 2017-07-19 09:52 | Report Abuse

gentlemen's, fasten ur steel belt.

Posted by stevenkau > 2017-07-19 10:18 | Report Abuse

paperlane2016, 1.80 its the second resistance price based on symetrical triangle trend. AT the moment, it was oversold and hence it will come back at a slower pace, therefore temporary looking at the trend price at 1.35 for the rebound

Posted by paperplane2016 > 2017-07-19 10:29 | Report Abuse

nevermind, we can wait few years also. Steel shall be ok until 2019 right? with policy protecting industry.

Posted by stevenkau > 2017-07-19 11:10 | Report Abuse

actually yes..based on the belt & road initiatives, china's overseas direct investments increased and the direction for the first staion to be stationed in ASEAN. As long as the related industry like raw materials especially steel (instead of cements because cements usually used in properties sector for the buldings but it is oversupply in malaysia market), so it would help in the company's earnings.

Additional is the quarter's earnings is improving, could see a momentum continue. Short term rebound is possible, but even though hold for longer term (let say 2 years) play, it is still possible due to the chart indicated a stable growth.

Posted by leont > 2017-07-20 17:59 | Report Abuse

250 lots purchased by Prestar MD... through normal acquisition... not by ESOS

Posted by HamzahB > 2017-07-20 20:01 | Report Abuse

Wah, something special coming?

Posted by henghuat888 > 2017-07-20 23:52 | Report Abuse

This is good or bad? I don't know how see it

Posted by fireinvestor > 2017-07-21 09:24 | Report Abuse

Nothing can be perceived from that. You can view it as good because MD is confident and investing to buy more of the company's shares.

Posted by leont > 2017-07-21 09:38 | Report Abuse

Go go go.. back to 1.30 today

Posted by Rocketfuel > 2017-07-21 12:45 | Report Abuse

In the AGM, the MD did mention that they intend to increase their stake. Good signs ahead

Posted by nicky11 > 2017-07-22 23:50 | Report Abuse

MD buying means the current price is still undervalue for him...Future should be good for Prestar